Products Liability & Recall

Matson, Driscoll & Damico’s forensic accounting teams have worked on a broad range of high-profile and complex global products liability and recall situations in the food and beverage, pharmaceutical, medical devices, and chemical and distribution industries, among others.

When dealing with product defect, contamination or tampering, MD&D can, subject to the requirements of the assignment, immediately respond with a forensic accounting team that best matches the expertise and complexity required for the assignment.

MD&D’s experts deliver an objective and reasonable calculation of physical damages, lost profits, extra expense, recall and rehabilitation costs. When clients involve the firm in these claims, MD&D professionals:

• Establish proper audit protocols
• Review and assess all relevant historical documentation
• Assist in on-site audit and inventory observations
• Monitor the recall and rehabilitation process
• Manage the flow of information to track expenditures and quantify damages
• Categorise, control and sort all costs
• Evaluate loss of market share
• Quantify lost profits and extra expenses
• Provide periodic status and final reports

D&D’s team has often set up on-site operations that remain until all parties have reached a resolution.